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"post_content": "By the end of this year I will have 50K saved. Suggestions for good investment please? ( I am on H1B & located in Chicago)",
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I bow to thee, my kanjoos malwari friend.
ETF = Exchange-Traded Fund. If you don't know what that is you're not ready to invest.
If that's 50k saved in your checking account, you fucked up. Use your money to make money. Should've put it in the S&P at least. It's already up 10% this year and it's only August.
Rent 1K, salary 70K
S&P 500.
Spend it don't save. You can save later in life
How much is your rent and salary?
How old are you?
P2, please don't go into financial planning. Ever heard of compounding? I'd recommend ETF's. Don't get clever
If op has been here for two years and saving 2k a month that is reasonable . He said eoy. Why is that call for concern for any of you? That is his priority.op, I think it's amazing what you are doing. @pwc1 what is s&p?
Go to Vegas and let it ride....
What is etf? I have so much to learn
D1, I was indeed thinking of moving some $$ into an S&P 500 index ETF. Suggestions for a fund that manages to perform well at an attractive cost?
Put it all on red
Rule one - don't put everything into one fund. Do some research (reports available on the investment platforms) and you can also read up on places like CNN Money, CNBC, Seeking Alpha and try to pick 5-10 different funds to diversify your 50k.
Put it all in bitcoin
Actually OP, explore Wealthfront. It's a robo and it automates the allocation of your $ across different funds based in your risk profile. Free up to the first $10k